/biz/ - Business & Finance

>>18644358
DR;NS

>>18644381
oh and did I forget to mention that unlike Chainlink's fake partnerships that are just blog posts never release a product, Coinbase literally released the product TODAY

>>18644358
it's a price feed. chainlink is about an entire network of this shit. try again.

>>18644521
It's centralized oracles, as confirmed by Vitalik.

Maybe you should learn to code, and then "try again"?

>>18644358
>He acts like he doesn't know
>He is a major holder
>He is bored at home during lockdown
DR:NS

Imagine the despair.

>>18644549
you're a fucking dipshit. it's a network of oracles in a TEE. tell me how coinbase's feed threatens this? if anything it adds to it.

>>18644358
Is that, wait, is that.... A centralized Oracle? Good god. Centralised. Wow. As in through a central party. What? Not Decentralised. You bored OP? You swinging? Me too.

This solution doesn't even compete with chainlink, it's a proprietary oracle solution that accepts chainlink you retard.

>>18644358
Question is...why aren’t we dumping rn?

>>18644358
so glad i sold above $4

>>18644633
it's a centralized network (as confirmed by Vitalik).

And TEEs are made obsolete by Open Oracle. The data is signed, no need for TEEs.

It literally makes Chainlink obsolete. How about you learn to code and then maybe you can make some points that make sense?

>>18644652
Chainlink is centralized, as confirmed by Vitalik

>>18644661
No, it makes Chainlink obsolete. No one will use this with Chainlink, because it does Chainlink's job, but better. Sure you could use both, but no one will, cause it's redundant.

>>18644358
from coventry, it's actually a good thing you fucking nigger fudder

>>18644712
>No, it makes Chainlink obsolete.
Nice refutation you fucking dipshit retard. Why not try actually putting in EFFORT into your fud?
>hurr no it doesn't :^)
fucking seriously try harder

>>18644549
yeah OP *wink wink* its def centralized (lolz!). there def NOT several entities providing oracles! *wink wink* hehehe good thing we sold above $357 right? haha *grabs op's buttcheek*

>>18644724
kek no, it's not a good thing. It makes Chainlink obsolete. It doesn't make it more robust. Well it does, but it makes it so robust that it completely removes the need to use Chainlink at all.

Learn to code, maybe one day you'll understand.

>>18644712
>it's a centralized network
no
>TEEs are made obsolete by Open Oracle
what the fuck does that even mean?

> How about you learn to code
the fuck does this have anything to do with the coinbase news?

> because it does Chainlink's job, but better.
better how? the fuck? do you even understand what you're talking about? or you're just shitposting?

>>18644769
dude you got to try harder at this fud lmfao

>>18644757
All those node are KYCed by 1 individual: Sergey Nazarov. It is literally confirmed to be centralized, as proven by Vitalik.

>>18644738
I literally proved you are incorrect. How about you learn to code, then maybe we can have a discussion that you can understand.

>>18644769
obsolete how? explain you fucking gypsy inept retard

>>18644769
LOLZ!!!1

>>18644358
They made a cryptographically verifiable data feed ready to be consumed by any oracle.

Only difference between this and an unsigned exchange API is that this makes it possible to cryptographically verify that the original source data feed was indeed Coinbase's.
It makes the entire sequence more reliable.

Every exchange should do this, it makes Chainlink more robust.

>>18644358

>>18644795
so much COPE AHHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHAHAHHAHAH DUDE YOUR FUDDING LINK ON THE BOARD IT WAS BOARD ON GO TO REDIT IF YOU WANT TO MAKE A DIFFERENCE HAHAHAHAHAHAHAH

>>18644358
OP I don't want to talk about Chainlink, but I do want to know more about Open Oracle.

Am I correct that it's entirely trust-based? I.E., the contract specifies which feed providers you trust, and it uses their prices?
Is there any incentive for the feed provider to be honest? Is there any incentive for a feed provider to be dishonest?
Is there any reason to trust that a price feed is accurate, other than the "real world" reputation of the provider, which you hope is good enough that they won't have a reason to screw over the contract or figure out a way that being dishonest would earn them money?

>>18644795
LMFAO GOOD TRY
>PROVEN BY VITALIK
HAHAHAHAHAHAHAHHAAHHAHAHAHAHAHHHAHAHAHAHA

>>18644795
>All those node are KYCed by 1 individual
That in no way makes them less independent.

Athletes at the Olympics are all registered by the IOC, but that does not mean they're all on the same team.

>>18644837
it's as if i'm talking with a fucking dog, this guy has no discussion, he's like:
>HAHAHAHHA KEK LMAO its OBSOLETE

it's as if he leanrt the word obsolete and doesn 't even know what it means.

>learn to code LOL

does this guy actually think biz is a retard board or something?

>>18644779
kek, if you learned how to code, you would actually understand my arguments and realize you're incorrect.

You're accusing me of being dumb because you're the one who's too dumb to know how to code and actually understand the tech.

You're basically an ape trying to play chess, getting mad because he doesn't comprehend what's going on.

>>18644813
This comment literally confirms it makes Chainlink obsolete. You're just too low IQ to understand it. Code for a few years and then you'll have the background to realize.

>>18644804
research what signing data means. there's no need for TEEs if the data is literally signed and verifiable by the smart contract itself. It makes TEEs literally obsolete. In fact TEEs is just another form of signing. You don't need to sign twice.

>>18644851
this guy is fudding every link thread with the same pictures fren. he doesn't know shit he just lost his stack swinging

>>18644795
COINBASE IS A SINGLE ENTITY
HAHAHAHAHAHAHHAHAHA
TRY HARDER TRY HARDER TRY HARDER

>>18644876
there's no need for TEEs if the data is literally signed
holy fucking shit, what the fuck are you talking about?

>>18644876
like a broken record
>learn to code! code! it's obsolete! obsolete!

>>18644872
COMING FROM THE GUY WHO CANT STOP SAYING ITS "PROVEN BY VITALIK"
AHHAHAHAHAHAHAHAHHAHA
HE CALLS CHAINLINK CENTRALIZED WHEN COINBASE IS A SINGLE ENTITY AHAHHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHHAHAHAHAHAHHA

>>18644894
yeah i think i saw him in many threads, hes a fucking retard that just FUD after FUD, can we even call that FUD? it's fucking retarded, he just laughs and says it's obsolete and learn to code...

my fucking god, what the fuck is this shit, sure biz quality deteriorated, but now literally animals are browsing biz

PRAY FOR OP HE MISSED BUYING CHAINLINK UNDER TWENTY CENTS HAHHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAH

>>18644876
research what signing data means. there's no need for TEEs if the data is literally signed and verifiable by the smart contract itself. It makes TEEs literally obsolete. In fact TEEs is just another form of signing. You don't need to sign twice.

>relying on a single data source for an asset that is traded on multiple exchanges
>but it is okay because they """signed it"""

>what is flash crash
>what is manipulation

>>18644862
>That in no way makes them less independent.
It literally does. There's 1 point of failure: Sergey Nazarov.

I recommend you improve your IQ, because that's not even coding, that's just simple logic.

If a project requires KYC to be sybil resistant, it's centralized. Simple as that. Your "arguments" don't matter. It is a simple proven fact that "If a project requires KYC to be sybil resistant, it's centralized.".

If you disagree, you're simply incorrect.

And Chainlink absolutely requires KYC to be sybil resistant. There is no other mechanism for sybil resistance implemented.

>>18644904
Learn to code, then you'll understand what I'm talking about.

>>18644905
How do you expect to understand a language if you don't speak it? I literally cannot dumb it down anymore. Learn. to. code.

>>18644924
Coinbase is centralized oracles. So is Chainlink. But coinbase uses a free standard without token. Also people trust Coinbase, no on trusts Chainlink. Coinbase will win.

>>18644945
>>18644953
Nice arguments. You've been BTFOed I see.

>>18644963
>It literally does. There's 1 point of failure: Sergey Nazarov.
You have no idea what KYC even means lmao.

>>18644963
>Also people trust Coinbase, no on trusts Chainlink.

Coinbase trusts Chainlink

>>18644963
what the fuck is your purpose?
coventry just closed the subject regarding data signing, he just said it's a way to verify the origin of the data, the message is signed with secp256k1
coinbase simply improved the availability of its price API on the blockchain, that's all, so third parties like chainmlink can easily integrate.
if they simply added the feed to their oracles, then you wouldn't be sure it comes from coinbase.

this is just a better way to distribute their paid price feed.

and here you are sperging out on nothing? what the fuck are you doing, you sound completely retarded...

and btw chainlink is a general purpose oracle, it doesn't provide price feeds only, this is just one of its thousands of usecases.

coibase isn't going to distribute something other than their price reference. BTC binance partnered with chainlink to distribute its price feeds...

>>18645203
>and here you are sperging out on nothing?
It's all he has after getting left behind.

I shudder to think about what shitcoins he's been holding while Chainlink rose to prominence.
Must be some atrocious portfolio for him to act this way.

>>18644957

>>18644963
>Also people trust Coinbase
Summerfag detected
https://www.coindesk.com/coinbase-must-face-negligence-suit-over-bitcoin-cash-launch-judge-rules

KEEP IT UP LADIES

STICK TO THE SCRIPT
DONT FORGET TO CLOCK OUT FOR YOUR LAST 20

REMEMBER SERGAY LEFT SOME MCDOUBLERS IN THE FRIDGE
FIRST ONES TO FINISH ARE THE FIRST ONES TO EAT

OHHH LAURENNNNN
ITS YOUR TURN TODAY SWEATIE
SERGE IS WAITING

CLEAN IT UP
L
E
A
N

I
T

U
P

Posting and response pattern is eerily similar to all the fud going around, could it be the same individual?

>>18644358
My copypaste of chainlink makes chainlink obsolete. Same with my copy of wikipedia.

>>18644358
Why I cant find any info on Open Oracle? Is going to be revel'd on friday's chat with the ETH faggot? Open Oracle is a chainlink contract right?

I overheard the kleros team talking shit about Chainlink. I couldn't work out exactly what they were saying, but 'obsolete' and 'centralized' were definitely repeated. These posts are by them, and likely other projects that are trying to compete.

>>18644358
its centralized oracles and by default those kinds of oracles have such low security they will never be trusted with billion dollar trades as chainlink was designed to be entrusted with in the derivatives market which btw the mainnet goes live this Q3. stay poor but just know that i am extremely stinky.

>>18644358
> centralized
> run by jews
try again

This thread smells of burnt curry.